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Brahms Inc. uses both debt and equity to finance its operations. The cost of equity is 16.3 percent and the after-tax cost of debt is

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Brahms Inc. uses both debt and equity to finance its operations. The cost of equity is 16.3 percent and the after-tax cost of debt is 5.21 percent. The weight of equity is 2/3 and the weight of debt is 1/3. What is the weighted average cost of capital? 11.88 percent 12.60 percent 12.06 percent

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